IAN WHITTAKER | LIBERUM CAPITAL
ITV’s third quarter ad revenue performance was in line with expectations, but the fourth quarter looks to have started well. We expect consensus upgrades of four per cent at the adjusted earnings per share level.
LORNA TILBIAN | NUMIS
We retain our positive stance on ITV, which is making good operational progress and benefits from an ungeared balance sheet that provides optionality for share or bond buybacks and/or acquisitions.
JONATHAN JACKSON | KILLIK & CO
ITV remains on track to outperform the TV advertising market in 2011. The new ITV Studios management team is delivering ahead of expectations and the group continues to make progress with its five-year plan.